Russia to Demonopolize
Its Power Sector by 2005

MOSCOW -- The Russian government voted to demonopolize its inefficient power sector by 2005 but postponed approving a detailed timeline for the politically sensitive overhaul.

The government will edit and reconsider in two months a concrete plan for the restructuring, which aims to attract billions of dollars in investment to repair aging turbines and transmission lines. The state will also hire an independent consultant to advise on the overhaul, said German Gref, minister of economic development and head of the restructuring...